Question

define Private sector ​

Answer 1

Answer:

Private sector is under control on an individual.

• only one owns it
• none has authority else owner even govt. has no authority on it.
• it is used for individuals own purpose.

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Answer 2

Explanation:

The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government. Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.

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